PUBLISHER: Persistence Market Research | PRODUCT CODE: 1478026
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1478026
Persistence Market Research has recently published an in-depth analysis of the global Oral Solid Dosage Contract Manufacturing Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the Oral Solid Dosage Contract Manufacturing Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2024 to 2032.
The global oral solid dosage contract manufacturing market hit US$ 27.7 billion in 2024 and is projected to grow at a CAGR of 5.9%, reaching US$ 43.6 billion by 2032.
Key Insights:
Oral Solid Dosage Contract Manufacturing Market - Report Scope:
Oral solid dosage forms are widely utilized across the pharmaceutical industry due to their ease of administration, stability, and patient compliance. The report comprehensively explores the market dynamics, including growth drivers, restraints, opportunities, and emerging trends shaping the landscape of oral solid dosage contract manufacturing globally.
Market Growth Drivers:
The oral solid dosage contract manufacturing market is propelled by several factors. Increasing outsourcing by pharmaceutical companies to reduce manufacturing costs and focus on core competencies is a significant driver. Additionally, the rising prevalence of chronic diseases, expanding geriatric population, and the growing demand for generic drugs fuel market growth. Moreover, technological advancements in manufacturing processes and regulatory initiatives supporting contract manufacturing further augment market expansion.
Market Restraints:
Despite the promising growth prospects, certain challenges restrain the oral solid dosage contract manufacturing market. Issues related to quality control, regulatory compliance, and intellectual property protection pose barriers to market entry. Furthermore, fluctuations in raw material prices and the risk of supply chain disruptions impact manufacturing operations, constraining market growth.
Market Opportunities:
The market presents lucrative opportunities for contract manufacturing organizations (CMOs) to diversify their service offerings and expand their global footprint. Collaborations with pharmaceutical companies for niche product development and investing in advanced manufacturing technologies, such as continuous manufacturing and personalized medicine, can unlock new avenues for growth. Moreover, the growing demand for specialty drugs and biologics underscores the need for flexible manufacturing capabilities, creating opportunities for CMOs to cater to specialized formulations and dosage forms.
Key Questions Answered in the Report:
Competitive Intelligence and Business Strategy:
The growing demand for pharmaceutical manufacturing has prompted companies to expand their production capacities. In response, key providers of oral solid dosage contract manufacturing are pursuing strategies like acquisitions and expansions to solidify their market presence. Aurobindo acquired dermatology and oral solids businesses from Sandoz Inc., U.S., complementing Sandoz's focus on complex generics and biosimilars. Piramal Pharma Solutions (PPS) inaugurated a new wing at its riverview site dedicated to producing High Potency Active Pharmaceutical Ingredients (HPAPIs) with Low Occupational Exposure Levels (OELs), enhancing its manufacturing capabilities to meet industry demands.
Key Companies Profiled:
Oral Solid Dosage Contract Manufacturing Market Segmentation:
Oral Solid Dosage Contract Manufacturing Market by Dosage Form:
Conventional Release
Modified Release
Chewable Tablets
Effervescent Tablets
Hard Gelatin Capsules
Soft Gelatin
Oral Solid Dosage Contract Manufacturing Market by Mechanism:
Oral Solid Dosage Contract Manufacturing Market by Application:
Oral Solid Dosage Contract Manufacturing Market by End User:
Oral Solid Dosage Contract Manufacturing Market by Region: